Blog Archives

Energy Storage to Become a Key Part of Microgrid Deployments in the Decade Ahead, According to Navigant Research

Total capacity will surpass 15 gigawatt-hours by 2024, report concludes

BOULDER, Colo.–(BUSINESS WIRE)–The microgrid market is expected to expand rapidly over the next 10 years, bringing with it increased demand for energy storage associated with these systems. Energy storage systems (ESSs) deliver services to microgrids similar to the services that ESSs deliver to the traditional grid: resource optimization (fuel, solar photovoltaic, wind), resource integration (photovoltaic, wind), stability (frequency, voltage), and load management. Click to tweet: According to a new report from Navigant Research, the total worldwide capacity of ESSs for microgrids will grow from 817 megawatt-hours (MWh) in 2014 to 15,182 MWh by 2024.

Read more